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Question
Table 11-1| Number of Workers | Mushrooms per Day (pounds) |
| 1 | 12 |
| 2 | 30 |
| 3 | 45 |
| 4 | 50 |
| 5 | 54 |
| 6 | 56 |
Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired.
A) 2nd
B) 3rd
C) 4th
D) None of the above; the production function displays increasing marginal returns.
Answer
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Related questions
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Which of the following would be categorized as an opportunity cost?
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b. the cost of purchasing supplies for your house-cleaning business
c. the cost of purchasing auto insurance for your dry-cleaning delivery business
A) a only
B) a and c only
C) b and c only
D) all of the above